South Windsor, Connecticut Property Taxes
The median property tax rate in South Windsor, CT is 3.43%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in South Windsor, the typical annual property tax bill reaches $7,315, exceeding the national median of $2,690. Property taxes in South Windsor are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding South Windsor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of South Windsor or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Windsor, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.43%
Estimate Property Tax Bill
$7,315
Ownwell’s South Windsor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Windsor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Windsor to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Windsor, Connecticut
Property taxes in South Windsor, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Windsor is 3.43%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within South Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Windsor estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares South Windsor's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06074 zip code has both the highest and lowest median property tax rate of 3.43%. Understanding how these cities compare with South Windsor provides valuable insights into the varying tax landscape across Tolland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Windsor Tax Rate
3.43%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Windsor, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06074 | 3.43% | 3.43% | 3.43% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across South Windsor, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Windsor, Connecticut. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In South Windsor, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. South Windsor's median home price is $213,260, and the median tax bill is $7,315, which is significantly higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills are both $7,315, located in the 06074 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in South Windsor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Windsor, Connecticut
Source: Ownwell
$20,800
$274,665
$528,530
Average South Windsor Assessed Value
$213,260
Average Tolland County Assessed Value
$164,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Windsor, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06074 | $213,260 | $213,260 | $213,260 | $213,260 | $213,260 |
Source: Ownwell
Property Tax Bills Across South Windsor, Connecticut
In South Windsor, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. The town then applies its mill rate, which is a specific amount of tax payable per $1,000 of assessed value. For instance, with a median home price of $213,260 in South Windsor, homeowners can expect a median property tax bill of $7,315. This figure is notably higher than the national median property tax rate of 0.99%, reflecting the region's higher cost of living and property values. Several factors influence the tax bill, including the property's location, size, and condition. Higher property taxes can affect homeowners by increasing their monthly mortgage payments and overall cost of living. However, these taxes fund essential local services like schools, public safety, and infrastructure, contributing to the community's quality of life. Homeowners should be aware of these factors as they can significantly impact financial planning and property investment decisions.
Average South Windsor Tax Bill
$7,315
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across South Windsor, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06074 | $7,315 | $7,315 | $7,315 | $7,315 | $7,315 |
Source: Ownwell